TASS. The Finance Ministry of Russia plans in 2017 to place Eurobonds through Russian banks and infrastructure, Finance Minister Anton Siluanov said in an interview to TV channel RBC.
"Last year we floated Eurobonds, and this appealed to us greatly. This year we also plan to come out with Eurobonds taking into account the use of Russian banks and Russian infrastructure," he said.
Deputy Finance Minister Sergei Storchak earlier said that Russian Eurobonds could be placed as early as this spring.
According to Konstantin Vyshkovsky, director of the Finance Ministry's Debt Department, Russia will amend the procedure for electing Eurobond arrangers and will submit offers only to those banks which will agree in advance to float debt securities.
Last year leading Western banks refused to place Russian Eurobonds. However, two times last year Russia managed to successfully float Eurobonds even through a single arranger (VTB Capital), drawing $1.75 bln in May, and $1.25 bln in September (both Eurobond issues maturing in 2026).
